The Standard Bank Of South Africa Ltd - Issue Of Stock Warrants

The Standard Bank Of South Africa Ltd -       Issue Of Stock Warrants           
THE STANDARD BANK OF SOUTH AFRICA LTD                                           
       ISSUE OF STOCK WARRANTS                                                  
Underlying Instrument         Issue size     Exercise Price            Ratio    
ANGLO AMERICAN PLC            100 million    R100.00              30            
ANGLO AMERICAN PLATINUM                                                         
CORP. LTD                     100 million    R 225.00             75            
BHP BILLITON PLC              100 million    R42.00               15            
BILLITON PLC                  100 million    R35.00               10            
NEDCOR LTD.                   100 million    R 95.00              25            
OLD MUTUAL PLC                100 million    R 10.50              4             
RICHEMONT SECURITIES AG       100 million    R 10.75              4             
SAPPI LTD                     100 million    R 85.00              25            
SASOL LTD                     100 million    R 80.00              25            
Underlying Instrument         Warrant Style   Exercise Date           JSE Codes 
ANGLO AMERICAN PLC            European Put    14-Nov-03               AGLSBR    
ANGLO AMERICAN PLATINUM                                                         
 CORP LTD                     European Put    14-Nov-03               AMSSBQ    
BHP BILLITON PLC              American Call   8-Jan-04           BILSBB         
BHP BILLITON PLC              European Put    14-Nov-03               BILSBQ    
NEDCOR LTD.                   European Put    14-Nov-03               NEDSBQ    
OLD MUTUAL PLC                European Put    14-Nov-03               OMLSBR    
RICHEMONT SECURITIES AG       European Put    14-Nov-03               RCHSBQ    
SAPPI LTD                     European Put    14-Nov-03               SAPSBQ    
SASOL LTD                     European Put    14-Nov-03               SOLSBQ    
The JSE Securities Exchange SA Listings Division has approved the listing of the
abovementioned warrants and trading will commence on 14 May 2003                
All members of the JSE may participate in trading which will occur according to 
normal JSE Rules. Settlement will be affected electronically through STRATE.    
Copies of the warrant program and pricing supplement are available at the       
offices stated below.                                                           
Copies of the Offering Circular may be obtained from:                           
The Standard Bank Of South Africa Ltd. Reg - no 1962/000738/06                  
3 Simmonds Street                                                               
Johannesburg                                                                    
2001                                                                            
For further information contact :                                               
Standard Bank Warrants                                                          
Tel 0800 111 780                                                                
Internet : www.warrants.co.za                                                   
Date: 14/05/2003 08:30:09 AM Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department